News Release

US Department of Labor announces grant exceeding $1.6 million to assist workers in Florida affected by mortgage industry layoffs

WASHINGTON  The U.S. Department of Labor today announced a $1,661,173grant to assist about 600 workers affected by layoffs at the Taylor, Bean and Whitaker Mortgage Corp. and its subsidiary companies in north/central Florida.

"This grant will provide valuable retraining and job search assistance to help workers in Florida find jobs that pay supporting wages. That's an important step, as our nation's economic recovery will not be complete until displaced workers are able to reenter the workforce and get back on their feet," said Secretary of Labor Hilda L. Solis.

Awarded to the Citrus Levy Marion Regional Workforce Development Board Inc., this grant will be operated by the Withlacoochee Workforce Development Authority Inc. It will provide affected workers with access to dislocated worker services. These services may include skills assessment, basic skills training, individual career counseling and occupational skills training.

The Citrus Levy Marion Regional Workforce Development Board Inc. plans to prepare many of these workers for occupations in the health care and information technology industries.

Layoffs at the Taylor, Bean and Whitaker Mortgage Corp. and its subsidiary companies took place between Aug. 5 and Oct. 1, 2009.

Of the $1,661,173 announced today, $954,077 will be released initially. Additional funding up to the approved amount will be made available as the grantee demonstrates a continued need for assistance. The amount released today will be funded by resources made available for National Emergency Grants under the American Recovery and Reinvestment Act of 2009.

National Emergency Grants are part of the secretary of labor's discretionary fund and are awarded based on a state's ability to meet specific guidelines. For more information, visit http://www.doleta.gov/NEG/.